BTC# 53 -- 01/27/2021 With the help of support breakout to the u

Hello Together,

Enclosed, as always, is my update on the BTC price.

We are still in our descanding triangle. We had formed a small W pattern yesterday. This has also broken out to the upside to our resistance (green line). As mentioned in the livestream yesterday, I expect a rejaction here. As expected, we did not manage to break through resistance. Our red line is serving as good support right now and helping us form lower highs for BTC. This could let us get closer to our upper resistance line of our Descanding Triangle. As long as we don't break the red/orange and of course the pink line to the downside, we are still on a course to exit the descanding triangle with a breakout to the upside!

Be sure to check out my signature! today there will be another livestream at 20:00!

Stay healthy!

Your Schueco

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